Sri Lanka rupee opens weaker, gilt yields steady

ECONOMYNEXT– The Sri Lanka rupee opened weaker at 180.95/181.00 to the US dollar on Thursday, while bond yields remained the same and stocks opened 0.32 percent higher, brokers and dealers said.

The rupee closed at 180.70/80 against the greenback in the spot market on Wednesday.

In equities, Colombo All Share Price Index (ASPI) gained 18.60 points to 5,826.11 and the S&P SL20 of more liquid stocks up 1.37 percent or 38.17 points to 2,816.22, in the first half-hour of trade.

The market turnover was 78.9 million rupees with 42 stocks gaining and 10 falling.

Sampath Bank gained 2.80 rupees to 159.00 rupees a share, Distilleries Company of Sri Lanka up 30 cents to 16.30 rupees a share and Dialog Axiata gained 10 cents to 10.60 rupees a share, contributing to ASPI’s gain.

In the secondary bond market, gilt yields remained unchanged in dull trading, dealers said.

A bond maturing on 15.10.2021 was quoted flat at 10.00/10.05 percent on Thursday.

A bond maturing on 15.03.2023 was quoted unchanged at 9.80/90 percent.

A new bond maturing on 15.09.2024 remained flat at 10.30/35 percent.

A bond maturing on 01.08.2026 was quoted not quoted.

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A bond maturing on 01.05.2028 was quoted not quoted.

A 15-year bond maturing on 15.09.2034 remained unchanged at 10.90/95 percent. (Colombo/Sep19/2019)